Cara Operations Ltd (CARA) Receives Average Recommendation of “Hold” from Analysts

Shares of Cara Operations Ltd (TSE:CARA) have been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$29.36.

CARA has been the topic of a number of recent research reports. Raymond James Financial boosted their price objective on Cara Operations from C$26.00 to C$29.00 and gave the stock a “market perform” rating in a research note on Wednesday. Scotiabank boosted their price objective on Cara Operations from C$31.50 to C$32.50 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets set a C$25.00 price objective on Cara Operations and gave the stock a “market perform” rating in a research note on Tuesday, November 7th. Royal Bank of Canada boosted their price objective on Cara Operations from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CIBC lowered their price objective on Cara Operations from C$26.00 to C$24.00 in a research note on Tuesday, November 7th.

Cara Operations (CARA) opened at C$26.37 on Friday. The firm has a market capitalization of $1,550.00 and a price-to-earnings ratio of 15.89. Cara Operations has a 12 month low of C$21.20 and a 12 month high of C$28.16.

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Cara Operations Company Profile

Cara Operations Limited operates and franchises full service restaurants. It operates through four segments: Corporate Restaurants, Franchise Restaurants, Food Processing and Distribution, and Central Operations. As of December 25, 2016, the company operated 1,237 restaurants, including 1,183 restaurants in Canada and 54 locations internationally under the Swiss Chalet, Harvey's, St-Hubert, Milestones, Montana's, Kelsey's, East Side Mario's, Casey's, New York Fries, Prime Pubs, Original Joe's, State & Main, Elephant & Castle, Bier Markt, and Landing brand names.

Analyst Recommendations for Cara Operations (TSE:CARA)

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